AMS Meets Shareholder Acceptance Threshold in Osram Takeover

LDS 19 CS Osram 400

Dec 13, 2019

On October 18, 2019, AMS announced its intention to launch a voluntary public takeover offer to all shareholders of OSRAM Licht AG through its wholly-owned subsidiary ams Offer GmbH. The offer was set at €41.00 per share, with a minimum acceptance threshold of 55%.

The bid came down to the wire for AMS. The set deadline was midnight, December 5th (central European time). However, by early afternoon they had generated just under 40% acceptance.

On 6 December 2019, the acceptance threshold of 55% for the takeover offer was exceeded.

AMS has also extended the acceptance periord for Osram shareholds to December 24th.

“We are pleased to announce that we have been successful in achieving the minimum acceptance threshold in our offer for OSRAM,” says Alexander Everke, CEO of ams. “We would like to thank OSRAM shareholders for placing their trust in us and understanding the compelling strategic and industrial logic of the transaction. We look forward to creating a European based global leader in sensor solutions and photonics through the combination of AMS and OSRAM.”

“Based on this shared objective, we will work closely with the OSRAM management team and all OSRAM and ams stakeholders to make the combination a resounding success and create a strong path forward for OSRAM and AMS,” says Everke.

Dr. Olaf Berlien, CEO of OSRAM Licht AG, says: “Following ams’ successful takeover bid for OSRAM, we can now jointly establish a world class photonics and sensor champion.”

AMS will look to position themselves beyond the lighting market into areas like augmented and virtual reality devices as well as health and fitness products, and autonomous vehicles.

The takeover will still require approval from regulatory bodies, which Osram indicated would likely go into mid 2020.

Another area of interest will be how AMS integrates all of Osrams busniess units. AMS may be less inclined to pursue Osrams investments in IoT (Internet of Things) technologies, particularly with respect to data/analytics lighting infrastrucutre.

Related Articles


Changing Scene

  • CSC LED Announces the Appointment of Patrick Ndlovu as Branch Manager (AB)

    CSC LED is happy to announce that Patrick Ndlovu has joined their growing team as Branch Manager in Calgary, Alberta. With extensive experience as a journeyman electrician and a strong background in sales, Patrick brings together technical expertise and a deep understanding of market dynamics. His practical experience in the field, combined with his sales… Read More…

  • Maxlite Expands c-Max Network Partners Ecosystem With Casambi Technologies

    MaxLite is pleased to announce the recent expansion of its c-Max Network Partners ecosystem with the addition of Casambi Technologies, a provider of wireless lighting control systems. This strategic partnership further enhances MaxLite’s c-Max Lighting Controls platform, offering customers an even wider range of advanced wireless control options. The collaboration with Casambi strengthens MaxLite’s commitment… Read More…


Design

  • Project Story: Sainte-Thérèse High School Outdoor Lighting Upgrade

    Project Story: Sainte-Thérèse High School Outdoor Lighting Upgrade

    August 6, 2024 Built in 1980, the building that houses Sainte-Thérèse high school, in Quebec Canada, was looking a little worse for the wear. Renovation work began with two major projects: introducing a multidisciplinary sports centre, as well as redesigning the parking lots.  The employee and visitor parking lots were completely reconfigured during phase 1… Read More…

  • Resilience Illuminated: Reviving Westminster Pier Park After Devastating Fire

    Resilience Illuminated: Reviving Westminster Pier Park After Devastating Fire

    In September 2020, the picturesque city of New Westminster near Vancouver in British Columbia suffered a devastating setback when an intentionally set fire destroyed much of the city’s waterfront park, including its urban beach, sand volleyball courts, and iconic art installation known as Wow Westminster. The fire, which burned for ten days before firefighters could… Read More…


New Products

  • SATCO|NUVO: SATCO-Escent Decorative Lamps

    SATCO|NUVO: SATCO-Escent Decorative Lamps

    Discover the elegance of “Satco-Escent” Satin Spun light bulbs, which combine the classic charm of incandescent lighting with the advantages of modern LED technology. The exquisite Satin Spun finish evokes the look of a vintage gas flame, while the unique shape of the bulb adds a touch of contemporary style. This family is available in… Read More…

  • SATCO|NUVO: LED HID Replacement Lamps

    SATCO|NUVO: LED HID Replacement Lamps

    Easily upgrade dated HID lamps with energy saving LED bulbs. SATCO’s long lasting HID replacement lamps offer outstanding efficacy in applications where low-maintenance is the goal: streetlights, warehouses, retail, gymnasiums and more. With a variety of lamp shapes and bases available in clear filament or white finish, in color temperatures from warm white to natural… Read More…